Oil Prices Could Triple Upon a U.S. Invasion of Iran

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Oil Prices Could Triple Upon a U.S. Invasion of Iran

Posted on Jun 21, 2006

That’s according to Saudi Ambassador Prince Turki al Faisal.
Not that that should be the reason that dissuades America from invading Iran, but it’s at least worth noting.

U.S. News & World Report:

World oil prices could double or triple over the current painful $70-per-barrel level if diplomacy failed and military conflict broke out over Iran’s nuclear ambitions, Saudi Ambassador Prince Turki al-Faisal warned this morning.

“We don’t know” what will happen if the United States chooses a military option in Iran, al-Faisal said, but “if there is military conflict, if bombs are dropped, ships are blown up, oil facilities on our side of the gulf are targeted . . . just the idea of somebody firing a missile at an installation somewhere would shoot up the price of oil astronomically.” In such a scenario, he said, Saudi Arabia “hopefully would defend our oil installations as best as we can and seek an immediate resolution,” but the risks would be grave. “Not just our installations, but the whole gulf would become an inferno of exploding fuel tanks and shut-up facilities,” al-Faisal said.

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By R. A. Earl, June 21, 2006 at 10:51 am Link to this comment
(Unregistered commenter)

First question that comes to mind is

WHO PROFITS WHEN IT HAPPENS?

The answer, of course, is anyone connected, however remotely, to the OIL industry, PLUS, all those in the military-industrial complex, and the military itself. GREED and GUNS.

We “little people” don’t have a chance, do we? We just get to pay the bills and yap about it. Our concerns are of no interest to the “fat cats” and we are of no value to them beyond our “consumer” role in society.

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